GoSavers Account

SingFinance offers the GoSavers Account, which can be opened fully online using Singpass and MyInfo through the SIF Mobile App. The application is available 24/7, and no physical documents need to be submitted. Singapore residents aged 16 and above with a valid Singpass account are eligible.

The GoSavers Account from SingFinance supports instant funds transfer via FAST to/from any participating bank or non-financial institution. There is no early account closure fee, no fall-below fee, and no minimum balance to maintain.

Yes. SingFinance is a licensed finance company regulated by the Monetary Authority of Singapore under the Finance Companies Act. Eligible Singapore dollar deposits in the GoSavers Account are insured by the Singapore Deposit Insurance Corporation for up to S$100,000 per depositor per Scheme member.

This is the same statutory protection that applies to bank deposits under the Deposit Insurance and Policy Owners' Protection Schemes Act 2011. SingFinance has been operating since 1964 and has been listed on the SGX Mainboard since 1983.

The GoSavers Account has no minimum balance requirement to earn the stated tiered rate. There is also no minimum initial deposit and no fall-below fee. Interest is calculated daily on the end-of-day balance and credited at the end of each calendar month, so even small balances begin earning interest from the day funds are received.

SingFinance’s GoSavers Account is a high-interest savings account that does not require salary crediting. Other conditional requirements common in Singapore high-yield savings accounts, such as minimum credit card spend, bill payments, or investment balances, are also not needed to earn the stated rate. The rate applies based on your GoSavers Account balance alone.

The GoSavers Account credits interest at the end of each calendar month, calculated daily on your end-of-day balance. There are no monthly conditions to fulfil to earn the stated tiered rate. No salary crediting, no card spend, and no bundled products are required.

Tiered savings rates change frequently across banks and finance companies in Singapore. For the most current GoSavers Account rates, refer to our Current Rates page. The GoSavers Account has no lock-in period, so funds can be withdrawn or transferred out at any time without an early account closure fee.

Withdrawing your entire balance from the GoSavers Account does not trigger any fees or penalties. There is no early account closure fee. If the account is closed, no further interest accrues from the date of closure. To reopen later, a new application must be submitted through the SIF Mobile app via Singpass and MyInfo.